Nearly half of American homeowners will enjoy continued increases in their home equity this year, raising questions about how they will choose to leverage these gains now that the dust from the housing market implosion has settled.
- Lender loanDepot finds that 46 percent of all U.S. homeowners with a mortgage expect their equity to increase this year.
- Many homeowners underestimate the amount of value their homes have gained throughout the housing recovery.
- Attitudes toward tapping into home equity today may depend on individual experiences during the housing bust.
- CoreLogic suggested that a recent resurgence in remodeling could mean that homeowners will lean toward using HELOCs to repair or enhance their property.